Subordinated Notes

In December 2018 the Company issued $75 million of unsecured and subordinated notes with a maturity date March 2034.

The subordinated notes pay a fixed rate of 5.1% until the first election date being 1 March 2024. On the election date, the Company has the right to either redeem the subordinated notes, or to run an election process and offer new conditions.

Interest Rate

Paid until 1 March 2034, unless redeemed earlier.